The activity on the Shibarium network’s native test network, Puppynet, is increasing ahead of its release on the main network later this year. Blockchain explorer data shows that the Puppynet testnet has processed over 700,000 transactions from nearly 200,000 unique wallets since its launch on March 11, with much of the activity occurring in the past week.
While Puppynet’s activity is promising, the future value of the Shibarium ecosystem tokens, SHIB and BONE, is still uncertain. According to Rachel Lin, CEO of SynFutures, a decentralized derivatives trading platform, the achievement of 200,000 wallets in just over a week is remarkable, but continued work must be done. Unification, the company behind Shibarium, is also working on an all-in-one wallet solution that could boost the value of the tokens. However, Lin cautions that any movements in the current macroeconomic climate will likely be short-lived.
Testnets, such as Puppynet, allow developers to debug and monitor network activity ahead of a wider release. Shibarium is a layer 2 blockchain aimed at reducing bottlenecks with scaling and data. The Shibarium network is considered a major development for the Shiba Inu ecosystem, which started as a meme coin but has since evolved into a serious blockchain project.